Falklands-focused oil firm Rockhopper has confirmed it is looking for a new finance director after current incumbent Peter Dixon-Clarke announced plans to step down.
The company, which appointed Keith Lough as a non-executive director last week, has seen plans to develop its primary Sea Lion discovery north of the Falklands delayed until next year.
Weekend speculation suggested Dixon-Clarke was to exit the company, leading to a confirmation from Rockhopper today.
“The Company can confirm that Peter Dixon-Clarke has the intention of stepping down as the company’s finance director in early 2014 and that the company is well advanced in making an appointment of a successor,” the firm said in a statement to the Stock Exchange.
“A further announcement will be made once the details of Mr Dixon-Clarke’s departure have been formally agreed. However it is anticipated that Mr Dixon-Clarke will remain on as consultant to the company for an interim period to support the company whilst his replacement is appointed.”
Lough, a director of Ofgem’s supervising body the UK Gas and Electricity Markets Authority, joined the firm last week and is set to be named chairman of the audit and renumberation committees.
Rockhopper said it hoped to make another non-executive appointment in the near future to strengthen the company’s board.
Recommended for you
